Experiential Marketing: What is it and why is it a massive opportunity for your brand?
Memorability is the first, very important step in building the identity of a brand. Although it is not enough on its own for a successful business, it is quite important when it comes to marketing strategy.
The next crucial item is evoking positive emotions in consumers and positioning your brand as one that constantly cares about its audience and does everything in its power to ensure customers have the best experiences.
What does experiential marketing entail?
Experiential marketing is not a new thing, but it is a refreshment after several years where digital was in full focus. It involves creating unique, positive, and fun experiences for users, most often through interactive and dynamic content in the physical world.
Marketers and those who are part of the experiential marketing niche call this content brand activations or interactive activations, but we will discuss them in more detail later in the text.
In this context, we can also mention immersive marketing, which can be considered a synonym, but specifically for experiences driven by 3D and AR elements, which take experiential marketing to a new level.
Some of the great advantages of experiential marketing are that:
-
customers get products in their hands
-
you can directly observe their interaction with the brand
-
it encourages positive word of mouth
-
it makes customers feel thought of
-
you can collect a user database
There are many benefits, but mostly in the fact that experiential marketing is often untouched territory, so its implementation can clearly bring positive results to your brand, immediately.
Opportunities for your brand – brand awareness, customer loyalty, and standing out from the competition
Even for the biggest brands, staying “at the top” is a challenge. Competition is always there to progress and develop its business, and pressure is omnipresent. However, far from everything being bleak.
Growth opportunities are constantly there, innovation is always possible, and experiential marketing is here to offer something new and different, which can have a positive impact on various aspects of your business, starting from building brand awareness all the way to returning customers.
Brand awareness and experiential marketing
Brand awareness is the consumer’s ability to identify the brand in all circumstances. It is not a characteristic that is easily measured, yet most – if not all businesses – want to increase their brand awareness and become the first name that comes to mind when their industry is mentioned.
When done right, experiential marketing can be much more than, for example, product testing or a publicity stunt for a minute of temporary attention, and here is why:
-
separating the brand from the sea of digital ads
-
presenting the brand and its story directly and live
-
encouraging user-generated content
Customer loyalty and experiential marketing
Loyal consumers are of enormous importance to all businesses. Without them, brands must constantly look for new customers and “fickle buyers,” which requires a lot of effort and resources.
Although loyalty apps can help with this, just like in real life, the relationship nurtured in physical reality is much stronger than the “long-distance” one. For example, one event dedicated to the most loyal customers where prizes are distributed and a fun experience is provided will do much more for your brand than points and coupons in an app.
Competition, competition – so what?
It is completely healthy and normal to have competition in whatever you do. For customers, it is especially good because it makes brands try harder, innovate, and invest in their relationship with consumers.
Now the question is not whether your brand invests in this aspect, but how and how much. Experiential marketing can significantly help here as well, especially if activities are planned smartly, in places where undecided consumers are located. Again, one freebie and a moment of fun can be the turning point for a consumer to choose you over the competition!
Interactive activations and other brand activities
Activations are specific interactive activities that businesses plan when it comes to brand marketing. These brand activations can be related to specific events, but also larger campaigns, and are often combined with other marketing activities.
Depending on what your brand does, as well as who your target audience is, activations should be adapted to the identity and values of the brand itself.
For someone, an activation in a shopping mall is a hit, for someone else on sports fields – it also depends on the demographic characteristics of the audience and their interests. All this should be taken into account when planning interactive activations, and it is important to have the right partner in this endeavor.
Growing consumer expectations
Consumers no longer just look for quality products – they look for a unique and personalized customer experience. They want to feel connected to the brands they support, expecting accessibility, transparency, and a sense of belonging to a community.
When it comes to trends, the past – or rather nostalgia – is returning through the back door, especially due to the preferences of millennials as one of the main groups with purchasing power. Along with it comes gamification, as well as pop culture references.
-
As many as 57% of consumers will make larger purchases than planned if they feel a connection with the brand.
-
More than 60% of buyers expect a brand to “tell a story” about products, instead of just communicating price and features.
-
And a huge 84% of consumers say they will buy something from a brand they have an emotional connection with compared to the competition.
365 Lab is the ideal partner for brand activations, and here is why!
With more than 12 years of experience and over 150 satisfied clients, 365 Lab has stood out as a leader in experiential marketing in our market. Our specialty is original brand activations, and we offer our clients:
-
State-of-the-art devices
-
Custom software and applications
-
Technical support
-
Operators at events
We also have a portfolio of interactive activations that we improve several times a year, almost every quarter, to ensure that our clients always have something new and unique to offer their audience.
In addition, we create custom solutions, completely from scratch, including both hardware and software.
We will be happy to explain exactly what we can do for your brand, so feel free to contact us via the contact form on the website if you have questions or are interested in specific offers!
- 365lab
- brand activations
- brand marketing
- immersive marketing
- interactive activations
- experiential marketing